Pinterest CEO fires 'obstructionist' employees who created tool to track layoffs
cnbc.com
February 4, 2026
3 min read
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44/100
Summary
Pinterest CEO Bill Ready fired employees who developed an internal tool to track layoffs, labeling their actions as "obstructionist." The company announced plans to lay off less than 15% of its workforce and reduce office space.
Key Takeaways
- Pinterest CEO Bill Ready fired employees who created an internal tool to track layoffs, citing their actions as obstructionist behavior.
- Pinterest announced layoffs affecting less than 15% of its workforce as part of a restructuring to focus on artificial intelligence projects.
- The company will not disclose detailed information about the layoffs due to privacy concerns for affected employees.
- Pinterest's shares have dropped 20% in 2026, reflecting investor concerns about competition from consumer chatbots and slowing advertising sales.
